‘You don’t retire from living, you retire to your passion.’ That’s a message from a current retiree. I recently came across several of these messages. My favourite ended with ‘I am finally me’.
Not all men are the same, of course, but there are some generalisations that fit most men. Here are five things men need to know about retirement.
How soon should you start saving for retirement? Answer: The earlier the better. And there are figures that confirm that. There is a well-recognised process leading up to retirement. What follows is an adaptation of a number of countdown steps for finances that I used in my book ‘Retirement Ready?’.
How can a workaholic retire? Will a workaholic retire? If your work constantly occupies your time and your mind you probably already know that isn’t healthy. But it can be hard to get off the work treadmill. After all, the work must be done. Here are the five things workaholics need to know about life and retirement.
In her book The Artist’s Way for Retirement, Julia Cameron lists what she calls the common problems facing the newly retired. Her list is broad-ranging. It includes: ‘too much time, lack of structure, a sense that our physical surroundings suddenly appear outdated, excitement about the future coupled with a palpable fear of the unknown.’
Every year the Australian Bureau of Statistics puts out its ‘Retirement and Retirement Intentions’ report. The latest (2016-17 report) gives a fascinating statistical look at what’s happening. (Not everyone finds statistics fascinating, of course.) Where do you see yourself among the statistics?
No matter how well you plan there will be the unexpected in your retirement—the same as there is in life at any stage. In this podcast, we discuss some of the things that can happen. The bottom line is that there are times when you have to be flexible.
Test drive your retirement? Yes, it can be done and it isn’t that difficult. Your test drive begins by taking a month off (holidays or long service leave) a year or so before retirement. But it’s a stay-at-home holiday to allow you to live as if you’re retired.
Australia is fortunate to have so many great places to retire, and deciding whether to stay or move is a big decision. From the River Murray towns of Echuca, Yarrawonga, and Loxton, to the coast of Queensland, the wine regions of Western Australia, to the charm of Tasmania, there is much on offer. Moving in retirement, however, isn’t an easy decision and there’s much to consider.
We all know retirement is more than money, but finances is a major concern. Then there’s the what-will-I-do question, with the answer often found in making lists. The trips. The hobbies. The new experiences. Revisiting old experiences. And so on. But there’s a more important question that should be asked: What do I want out of life?